A seller marks his goods 30% above their cost price but allows 15% discount for cash payment . His percentage of profit when sold in cash is -

A 15%
B 9%
C 10.5%
D 8.5%

Correct Answer: 10.5%

Let, the cost price of the goods = 100 If the seller marks his goods 30% above the the cost than the market price of goods will be 130% cost Price of 15% discount = 85% The selling price of his goods will be = 130×85100 = 110.5%Profit  = (110.5 - 100)% = 10.5%
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